Trade War And Global Slowdo...
trade war and global slowdown are likely to dominate g7 summit what is the g7 summit? the g7 summit is the an
Trade war and global slowdown are likely to dominate G7 Summit
What Is The G7 Summit?
The G7 Summit Is The Annual Meeting Of The Group Of Seven Leaders. It’s Hosted By The G7 President For That Year. The Summit Doesn’t Have Any Legal Or Political Authority. But When These Seven World Leaders Agree On Something, It Has The Power To Shift The Direction Of Global Economic Growth.
The Group Of Seven (G7) Is An International And Intergovernmental Economic Organisation Formed By Seven Of The Largest And Advanced (According To The International Monetary Fund) Economies In The World. The High-Profile Members Are Canada, France, Germany, Italy, Japan, The United Kingdom And The United States Of America. The Leaders Of These Countries Meet Once A Year, Hosted By The Country Holding G7 Presidency – France Will Host The 2019 Summit At Biarritz On August 25 – 27, 2019. It Will Focus On Fighting Income And Gender Inequality And Protecting Biodiversity. This Year The Lot Fell On France And Her Current Leader, Emmanuel Macron.
The G7 Summit Traditionally Includes The Heads Of Britain, France, Germany, Japan, Canada And Italy As Well As A Representative Of The 28-Country EU.
As Of 2018, The Seven Countries Involved Represent 58% Of The Global Net Wealth ($317 Trillion) And More Than 46% Of The Global Gross Domestic Product (GDP) Based On Nominal Values, And More Than 32% Of The Global GDP Based On Purchasing Power Parity. The European Union Has Also Been An Invitee To G7 Summits.
For Two Days, Leaders From The U.S., Canada, U.K., France, Italy, Germany And Japan, As Well As Top E.U. Officials, Will Discuss Global Challenges Involving Foreign Policy, The Economy And The Protection Of The Environment. The Aim Of The Meeting Is To Shape Global Responses To Challenges Affecting Countries Worldwide.
As This Year’s Host, Macron Has Chosen To Focus This Year’s Summit On The Issue Of Reducing Inequality, And Has Invited The Leaders Of Australia, Burkina Faso, Chile, Egypt, India, Senegal, Rwanda And South Africa To Open Up The Discussion With Other Countries. The Summit Is More Likely To Once Again Highlight Transatlantic Rifts Over Trade, Iran And Climate Change. Macron Wants To Focus On Easing Tensions Between The U.S. And Iran That Have Been Escalating Since Trump Pulled The Country Out Of The Iran Nuclear Deal Last Year And Reinstated Economic Sanctions.
Highlights: PM Modi Invited To G7 Summit Despite India Not Being Part Of G7. He Is Expected To Meet Donald Trump; The Leaders May Discuss On Kashmir Issue.
PM Modi Will Be Attending The G7 Summit In France On Monday. Although India Is Not A Member Of The G7 Group, PM Modi Would Be Attending The G7 Summit As A Special Guest As He Has Been Personally Invited By French President Emmanuel Macron.
View: The Political Leaders Come Together At G7 To Discuss Important Global Economic, Political, Social And Security Issues. They Will Address The Ongoing Trade War Between The United States And China, The Iran Nuclear Deal And The Civil Unrest In Hong Kong And Maybe Jammu And Kashmir Issue While PM Modi Is There. Also The World Leaders Will Find Some Concrete Solution To Cope With Ongoing Global Recession.